Redwood Bank, which last year celebrated its fifth anniversary, has again been named among the finalists for the annual Business Moneyfacts Awards.

After scooping the prize for Best Business Variable Rate Deposit Account Provider for the fourth time last year, the Bank will be aiming to go one better in London in April.

Gary Wilkinson, CEO and Co-Founder of Redwood Bank, said: "This award is always that bit special for us after making it our own for the past four years. It would be great to secure a fifth win, but we know the competition is tough."

Redwood Bank has also been shortlisted for Best Business Fixed Account Provider, an award it won in 2020, and Best Service from a Commercial Mortgage Provider.

"It means a lot to our teams to be recognised in these prestigious awards. Everyone works hard to deliver the best outcomes for our customers and it is pleasing that this does not go unnoticed by others in the industry.

"Considering we have only just celebrated our fifth birthday and we are in line for the same award for a fifth consecutive year, this is testament to our commitment to business savers."

Redwood Bank will be facing big banking names in all three shortlisted categories, including Virgin Money, Nationwide and NatWest.

The awards are decided using a combination of methods. For all product-specific categories, detailed weekly analysis of the data provided to them is studied by its research team. Judges look at the providers who offer competitive products to new savers, but also those providers that are supporting their existing customers as well. In addition, they take into account feedback provided from customers.

For service categories, the broker and business communities are offered the chance to submit testimonials for their preferred providers.

The winners will be announced at the awards night on Thursday, April 20.

For further information, visit www.redwoodbank.co.uk.